2347 Shelby Street, SUMMERLAND, CA 93067, SUMMERLAND, 93067 - 0 bed, 0 bath
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SUMMERLAND, CA 93067
Analysis of 2347 Shelby Street, SUMMERLAND, CA 93067 is currently available with a list price of $2,800,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SUMMERLAND Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property has undergone significant capital improvements within the last 5-10 years, including a new roof (2016), Hardie board siding (2020), and high-efficiency HVAC systems (2021). While the interior was remodeled in 2019-2020 with luxury flooring and updated kitchens, some fixtures and finishes (like the gold-trimmed shower and laminate-style counters) lean toward a slightly older aesthetic, fitting the 5-15 year renovation window for a 'Good' rating.
Every unit in the building offers panoramic views of the Pacific Ocean and Channel Islands, a rare feature that commands premium rental rates and long-term value appreciation.
The property has been meticulously maintained with significant recent upgrades, including a new roof, Hardie board siding, high-efficiency boilers, and rebuilt balconies, minimizing immediate CAPEX for a new owner.
The mix of a luxury 2-bedroom penthouse with a massive sun deck and three additional units provides a perfect opportunity for an owner-user or a high-yield vacation rental portfolio.
With 91 days on the market, the property may be facing pricing resistance or a slower absorption rate for multi-unit assets in this specific price bracket.
Housing four units on a 6,098 sq. ft. lot creates a high-density environment which may limit on-site parking availability and private yard space for tenants.
Ocean View four-unit property in the heart of Summerland, CA featuring unobstructed ocean and Channel Island views from every single unit. The crown jewel of this property is the sprawling upstairs 2-bedroom, 2-bathroom Penthouse, which boasts a massive 800+ sq. ft. private sun deck--the ultimate venue for sunset entertaining. Designed for the discerning owner-user or high-yield investor, the property also includes two additional 2-bedroom 1.5-bath units with private view decks and a chic 1-bedroom studio. This asset has been meticulously maintained with a decade of premium upgrades, including a durable new Hardie board exterior (2020), high-efficiency Navien hot water and boiler systems (2021), new roofing (2016), modernized interior remodel with designer kitchens, luxury flooring (2019-2020), installed a murphy bed, cabinetry and sofa in unit 3 (2022), rebuilt balconies and stairs (2025-2026), and new asphalt driveways (2026) Whether you're seeking a serene coastal retreat with significant rental income or a turnkey vacation rental portfolio, this rare Summerland gem offers an unrivaled blend of sophisticated lifestyle and structural integrity.
No exterior & parking available.
No sensitive facilities data found.
Jul 21, 2026
$2,800,000
$2,995,000
-7% Price Drop
Initial Listing
Mar 30, 2026
$2,995,000
Initial Listing
Oct 6, 2015
$1,875,000
Public Record